Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Chuan Hup Holdings
25-10-2019, 05:55 PM.
Post: #101
RE: Chuan Hup Holdings
Joint Venture with Finbar Group Limited to Develop Land Site in Pearth

Chuan Hup Holdings Limited announced that the Company’s wholly-owned Australian subsidiary, Ventrade Australia Pty Ltd, will be entering into a joint venture with the Company’s associated Company, Finbar Group Limited, to acquire and develop a prime development land site located in the Perth city precinct.

The Company has a 20.53% shareholding interest in Finbar, which is listed on the Australian Securities Exchange. Finbar is Western Australia’s leading apartment developer and has a successful track record in the development of medium to high density residential properties and commercial property.

Ventrade Australia and Finbar have formed a joint venture company in Western Australia named Finbar Sub 106 Pty Ltd.

106 Pty Ltd will acquire a 1,697 square metre land site located at 240 Adelaide Terrace, East Perth, Western Australia for a purchase price of A$6,500,000, excluding government taxes. The Land will be developed into approximately 115 residential apartments across 28 levels with additional lower level commercial office space.

Ventrade Australia will contribute 50% of the working capital and Finbar will contribute the other 50% of the working capital.

More details in https://links.sgx.com/FileOpen/JVwithFin...eID=583020
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

Find Reply
31-10-2019, 06:39 PM.
Post: #102
RE: Chuan Hup Holdings
New Associated Company - Keyland Ayala Properties Inc.

Chuan Hup Holdings Limited announced that the Group has been invited to appoint representatives to the board of Keyland Ayala Properties Inc. and accorded two board seats in Keyland Ayala.

Keyland Ayala is a property and development company in the Philippines, in which the Company’s wholly-owned subsidiary, Provest Global Pte. Ltd., has a direct equity stake of 32.52%.

Mr Peh Siong Woon Terence, the Company’s Chief Executive Officer and Executive Director, and Mr Lim Kwee Siah, the Company’s Non-Executive Director, are the Group’s nominated representatives to the board of directors of Keyland Ayala. Mr Peh and Mr Lim have been appointed as the Company’s nominated representatives to Keyland Ayala’s board with effect from 31 October 2019. Provest Global’s representation on the board of Keyland Ayala requires Keyland Ayala to be accounted for as an associated company of Chuan Hup.

More details in https://links.sgx.com/FileOpen/CH.NewAss...eID=583790
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |